JACK SEALEY LIMITED
Company number: 01329173
Reporting period:
1 November 2022
to 30 April 2023
This report was filed on 26 May 2023
and approved by Gemma Dolman
Payment statistics
Average time taken to pay invoices: 41 days
Invoices paid:
- within 30 days: 25%
- in 31 to 60 days: 67%
- in 61 days or more: 8%
Invoices due but not paid within agreed terms: 13 %
Payment terms
Shortest standard payment period
0 days
Longest standard payment period
75 days
Standard payment terms
30 days end of month
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
90 days
N/A
Any other information about payment terms
N/A
Dispute resolution process
The invoice is passed to the person authorised to accept or reject the invoice. In the case of a dispute that person will contact the supplier usually be email to raise the query. The supplier and the authorising person will sort out the dispute and a credit note may be issued. The invoice will then be cleared for payment. If a dispute is unresolved or a complaint arises, the supplier should then contact the person (buyer) within the company who originated the order for the supply of those goods or services under dispute.
Other payment information
Has this business signed up to a code of conduct or standards on payment practices? If so, which?
For example, signatories to The Prompt Payment Code must commit to paying 95% of their invoices within 60 days.No
Does this business offer e-invoicing in relation to qualifying contracts? This is where suppliers can electronically submit and track invoices. It’s not just allowing suppliers to email them an invoice.
No
Does this business offer supply chain finance? This is where a supplier who has submitted an invoice can be paid by a third-party finance provider earlier than the agreed payment date. The business would then pay the finance provider the invoiced sum.
No
Under its payment practices and policies, can this business deduct sums from payments under qualifying contracts as a charge for remaining on a supplier list?
No
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No